Molefe must pay Eskom's pension fund R10m
Former Eskom CEO Brian Molefe has been directed to pay back just under R10m, plus interest, to the power utility's pension fund.
According to a News24 report, this follows a drawn-out legal process that dates back to 2018, when the Gauteng High Court (Pretoria) set aside all Molefe's pension payouts.
But the former Eskom boss did not pay back the money in the intervening four years, arguing that he didn't know what exact amount he needed to pay.
The same court has now ruled that Molefe needs to pay the pension fund R9,985,540 plus interest calculated from 31 October 2019 up to the date he pays.
The fund said that this brings the matter of what Molefe needs to pay to a close.
‘The ruling means Molefe will have to pay back as directed by the court,’ it said.
The fund, meanwhile, will pay back Eskom the balance of the R30m it had received from Eskom.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
